TATA CONSULTANCY SERVICES, No. 32 on the 2007 VARBusiness 500
"With annual IT budgets rising five to seven percent, there has been a rapid pace of technology evolution. We're seeing clear emerging trends and opportunities for the year to come. Outsourcing is increasing its reach across verticals and geographies. Although the financial services industry continues to remain one of the largest spenders on IT, other industries including retail, pharmacy, telecom and even the utilities sector are seeing traction in their use of IT services.
"Secondly, India's transition to a KPO destination is imminent. Over the past five years alone, more than 100 IT and science-based firms have located R&D labs in India TCS is committing large sums of money for R&D over the next 10-15 years, in order to create an ecosystem of start ups and mature companies with intellectual property orientation.
"Last, but not least, Remote Infrastructure Management (RIM) is likely to be the next big wave in outsourcing and expected to touch $8.8 billion of work for Indian IT companies by 2010."
-- N. Chandrasekaran, Tata Consultancy Services COO and executive director